Societe Generale's notoriously bearish strategist, Albert Edwards, has poured scorn on the belief that the U.S. economy is recovering.» Read More
Bank of America Corp. fell$. 23 or 1.4 percent, to $15.81. Citigroup Inc. rose$. 01 or percent, to $52.42. Goldman Sachs fell $2.41 or 1.3 percent, to $189.79.
Bank of America Corp. fell$. 22 or 1.4 percent, to $15.82. Citigroup Inc. rose$. 41 or. 8 percent, to $52.81. Goldman Sachs fell$. 70 or. 4 percent, to $191.50.
Bank of America Corp. fell$. 25 or 1.6 percent, to $15.79. Morgan Stanley fell$. 14 or. 4 percent, to $35.92. US Bank fell$. 14 or. 3 percent, to $44.79.
In a major boardroom reshuffle that signalled the end of an era at the Asia- focused bank, Standard Chartered said Thursday that Winters would take over in June, initially prompting a giddy reaction among investors, analysts and some staff. "There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency...
Bank of America Corp. fell$. 45 or 2.7 percent, to $16.04. Citigroup Inc. rose$. 32 or. 6 percent, to $52.41. Goldman Sachs rose $1.08 or. 6 percent, to $192.20.
Bank of America Corp. fell$. 37 or 2.2 percent, to $16.12. Citigroup Inc. rose$. 21 or. 4 percent, to $52.30. Goldman Sachs rose$. 48 or. 3 percent, to $191.60.
Bank of America Corp. fell$. 19 or 1.2 percent, to $16.30. Citigroup Inc. rose$. 18 or. 3 percent, to $52.27. Goldman Sachs fell$. 68 or. 4 percent, to $190.44.
*Morgan Stanley colleagues pay glowing tributes. LONDON/ NEW YORK, Feb 26- The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound government rescue looks set to guide it back to private hands. Davies, then deputy governor of the Bank of England, was asked to create a new city...
Feb 25- Morgan Stanley said it will pay $2.6 billion to the U.S. government to resolve potential claims stemming from the sale of mortgage bonds before the financial crisis, reducing its 2014 profit by more than half. Morgan Stanley increased its legal reserves by about $2.8 billion, which lowered its 2014 income from continuing operations by $2.7 billion, or...
NEW YORK— Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a settlement with federal authorities, following the billions paid by JPMorgan Chase, Bank of America...
Feb 25- Morgan Stanley said it will pay $2.6 billion to the U.S. Department of Justice and United States Attorney's Office for the Northern District of California to resolve potential claims stemming from sale of mortgage bonds before the financial crisis.
The new futures and options market for bitcoin just changed the game, says "Fast Money" trader Brian Kelly. Here's why.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.42. Citigroup Inc. fell$. 18 or. 3 percent, to $51.73. US Bank rose$. 09 or. 2 percent, to $44.81.
Adam Parker of Morgan Stanley told CNBC that the outlook for the U.S. economy is looking good for the next few years.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.35. Citigroup Inc. fell$. 29 or. 6 percent, to $51.61. Wells Fargo fell$. 03 or percent, to $55.35.
LONDON/ PARIS, Feb 25- Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100 million euros. Not many of his peers would spend months working on a relatively small transaction when big fees were there for the taking from industry leaders such as...
*European Commission may ease some proposed rules. LONDON/ FRANKFURT, Feb 25- As the banking crisis fades in memory, only to be replaced by a lingering economic slowdown, governments are losing interest in financial reform despite warnings that dangers still lurk. "The bulk of legislative reform is now either in place or being put in place," said Anthony Browne, chief...
The world economy has become credit addicted. China could well be the next victim. The Financial Times reports.
Bank of America Corp. rose$. 18 or 1.1 percent, to $16.38. Citigroup Inc. rose$. 58 or 1.1 percent, to $51.90. Goldman Sachs rose $1.91 or 1.0 percent, to $192.22.
Another big hedge fund manager is getting ready to make money on the crash in energy prices.